Nokomis Capital L.L.C. Purchases 18,000 Shares of Newfield Exploration Co. (NFX)

Nokomis Capital L.L.C. raised its position in Newfield Exploration Co. (NYSE:NFX) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,302 shares of the energy company’s stock after acquiring an additional 18,000 shares during the quarter. Newfield Exploration makes up about 2.0% of Nokomis Capital L.L.C.’s holdings, making the stock its 16th biggest holding. Nokomis Capital L.L.C. owned about 0.22% of Newfield Exploration worth $10,679,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NFX. US Bancorp DE raised its holdings in Newfield Exploration by 4.2% during the first quarter. US Bancorp DE now owns 48,121 shares of the energy company’s stock worth $1,175,000 after purchasing an additional 1,922 shares in the last quarter. HBK Investments L P raised its holdings in Newfield Exploration by 11.9% during the fourth quarter. HBK Investments L P now owns 18,131 shares of the energy company’s stock worth $572,000 after purchasing an additional 1,932 shares in the last quarter. Rampart Investment Management Company LLC raised its holdings in Newfield Exploration by 84.7% during the first quarter. Rampart Investment Management Company LLC now owns 4,513 shares of the energy company’s stock worth $110,000 after purchasing an additional 2,070 shares in the last quarter. Amalgamated Bank raised its holdings in Newfield Exploration by 5.3% during the fourth quarter. Amalgamated Bank now owns 41,413 shares of the energy company’s stock worth $1,306,000 after purchasing an additional 2,095 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Newfield Exploration by 2.4% during the first quarter. Natixis Advisors L.P. now owns 93,977 shares of the energy company’s stock worth $2,295,000 after purchasing an additional 2,181 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

In other news, Director Roger B. Plank bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The stock was purchased at an average price of $23.38 per share, with a total value of $46,760.00. Following the purchase, the director now owns 32,787 shares of the company’s stock, valued at approximately $766,560.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Newfield Exploration opened at $30.00 on Thursday, Marketbeat reports. Newfield Exploration Co. has a 52 week low of $22.72 and a 52 week high of $35.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.74 and a current ratio of 0.77. The stock has a market capitalization of $6.01 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 0.74 and a beta of 1.48.

Newfield Exploration (NYSE:NFX) last released its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Newfield Exploration had a net margin of 18.96% and a return on equity of 36.67%. The business had revenue of $580.00 million for the quarter, compared to analyst estimates of $552.56 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. analysts forecast that Newfield Exploration Co. will post 3.27 EPS for the current fiscal year.

A number of equities analysts have recently commented on NFX shares. Seaport Global Securities raised shares of Newfield Exploration from a “neutral” rating to a “buy” rating in a report on Friday, June 1st. Tudor Pickering cut shares of Newfield Exploration from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Williams Capital set a $50.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Wednesday, February 21st. Jefferies Financial Group set a $34.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Monday, March 19th. Finally, B. Riley set a $36.00 target price on shares of Newfield Exploration and gave the company a “buy” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $37.77.

About Newfield Exploration

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company has operations principally in the Anadarko and Arkoma basins of Oklahoma, the Williston Basin of North Dakota, and the Uinta Basin of Utah.

Institutional Ownership by Quarter for Newfield Exploration (NYSE:NFX)

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